Michael Hill Sales +5% in FY12

RAPAPORT... Michael Hill, a New Zealand-based jewelry retailer, reported that sales rose 5 percent ‎year on year to $408.2 million (NZD 510.3 million) during the year that ended June 30, ‎‎2012, as sales in the U.S. outpaced other markets. Total same-store sales were flat at ‎‎$378.6 million (NZD 473.2 million) for the year.‎

While the past 12 months had its challenges, especially in the company's largest market, ‎Australia, the directors were satisfied with overall performance and in ‎particular the growth achieved in New Zealand, Canada and the United States, the ‎company stated. ‎